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  • HONG KONG, Feb 3- China is cracking down on a popular method of moving money out of the country, putting a limit on purchases of insurance products in Hong Kong using the country's ubiquitous UnionPay credit and debit cards, two sources told Reuters. The limit for each transaction made in Hong Kong by using UnionPay cards issued in the mainland to pay premiums will...

  • *China to reduce home down payment requirements in most cities. HONG KONG, Feb 2- China said on Tuesday it will reduce the minimum down payment required for first- and second-time home buyers in most cities, a move aimed at clearing a housing glut in regions outside the country's major centres. The main cities that have such restrictions are Beijing, Shanghai,...

  • BEIJING, Feb 2- The new chief executive of China National Bluestar said he was conducting a review of its operations that could include divestments in a bid to boost growth and competitiveness at the unit of state-owned China National Chemical Corporation. Michael Koenig, a former Bayer AG executive and one of a few foreigners to head a Chinese state-owned...

  • SHANGHAI, Feb 2- Chinese shares ended higher on Tuesday, and the country's central bank guided the yuan to its highest daily fix in almost a month as Beijing sought to keep markets calm heading into the Lunar New Year holidays. The Shanghai Composite Index gained 2.3 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.1...

  • SHANGHAI, Feb 2- China stocks bounced more than 2 percent on Tuesday, led by small-caps, but some analysts said thin trading volume suggests the rebound could be short-lived.

  • SHANGHAI, Feb 2- China's anti-monopoly regulator has fined five domestic drug firms a total of close to 4 million yuan for fixing the prices of their medicines, the watchdog said on Tuesday, as the country battles to keep medicine prices down. The fine, though relatively small, indicates China's anti-trust watchdogs may be turning attention towards medicines, a...

  • SHANGHAI, Feb 2- China's yuan barely budged against the dollar on Tuesday as massive central bank liquidity injections helped to avoid a cash crunch ahead of the long Lunar New Year holiday and as authorities reiterated they would keep the currency stable. The People's Bank of China set the midpoint rate at 6.551 per dollar prior to the market open, 0.04 percent...

  • By Samuel Shen and Pete Sweeney. SHANGHAI, Feb 2- Chinese shares edges higher on Tuesday while the country's central bank guided the yuan to its highest fix in almost a month as Beijing sought to keep markets calm heading into the Lunar New Year holidays. Given that, Wang was surprised China's central bank had not cut rates or reserve requirements, rather relying on...

  • *China says not protectionism; standards just lag Europe. BEIJING, Feb 2- Some global automakers are worried that China is pushing its weight around as the world's biggest car market- by enforcing its own, often outdated, vehicle certification standards on foreign cars. China previously allowed global brands to sell cars without local certification in many...

  • LONDON, Feb 1- Hedge funds have ramped up bets on a devaluation of China's yuan since the Bank of Japan cut interest rates into negative territory, with the bias towards yuan falls in options markets hitting its highest on record on Monday. "Since the Bank of Japan was so dovish last week, all of these countries are under a lot more pressure to devalue," said a dealer with...

  • *European stocks dip on weaker euro zone, China data. *Asian shares inch up, led by Japan, Australia. *Japan bond yield plunge to record low, 2- yr at -0.10 pct.

  • *Asian shares inch up, led by Japan, Australia. *Japan bond yield plunge to record low, 2- yr at -0.10 pct. Friday's surprise move by Japan to negative interest rates sent its bond yields to new lows.

  • *China's government hasn't decided on plan to stockpile tin. LONDON, Feb 1- Copper prices slipped on Monday alongside Chinese equities on news the country's manufacturing sector shrank at the fastest in more than three years, reinforcing fears of weaker demand in the top consumer of industrial metals. China's official Purchasing Managers' Index fell to 49.4 in...

  • SHANGHAI, Feb 1- A Chinese court has fined two domestic units of U.S. food supplier OSI Group up to 2.4 million yuan and handed prison sentences to 10 of its employees for producing and selling inferior products. It wasn't clear whether Yang, who the court said was an Australian citizen, would serve jail time in China. The Australian embassy in China did not have an...

  • *China official factory PMI falls to lowest since 2012. SHANGHAI, Feb 1- Chinese shares stumbled lower on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012, offering no respite for markets from the country's economic drift. The Shanghai Composite Index eased 1.8 percent, while the CSI300 index of the...

  • *China official factory PMI falls to lowest since 2012. The Shanghai Composite Index eased 1.6 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen lost 1.4 percent. "The manufacturing sector will likely face a tough year ahead on the back of overcapacity, weakening global demand, and government's plans to tackle pollution,"...

  • SHANGHAI, Feb 1- The yuan eased against the dollar on Monday as weak manufacturing data added to worries about the risk of further capital outflows, and after the central bank set a weaker midpoint. China's manufacturing activity unexpectedly contracted at its fastest pace in almost three-and-a-half years in January, an official survey showed, suggesting the...

  • *Asian shares inch up led by Japan, Australia. Australia and Japan leading regional markets with gains of more than 1 percent each, while Chinese stocks slipped in early trade. "In the short term, the surprise move by Japan will be a catalyst for global equities but it only underlines the weakness of the global economy and we need to see some strong economics data for a...

  • *China factory PMI falls to 49.4 in Jan vs forecast 49.6. SHANGHAI, Feb 1- Chinese shares got off to a halting start on Monday after an official measure of activity in the giant factory sector fell to its lowest since mid-2012, offering no respite from the economic drift that has dogged markets for months. The Shanghai Composite Index eased 0.5 percent in early trade,...

  • Zhou Chengjian, chairman of Metersbonwe Ltd.

    Metersbonwe, one of China's top brands, said in a statement to the Shenzhen stock exchange on Friday that founder Zhou Chengjian was back at work.